Baker Hughes Details 2Q 2014 Financial Results

On July 17, Baker Hughes Inc. (NYSE: BHI) detailed its second-quarter 2014 financial results.Adjusted net income and revenue for the quarter both increased. The adjusted net income was $404 million, compared with second-quarter 2013’s $240 million, the company said. Its revenue for the quarter was $5.9 million, compared with second-quarter 2013’s $5.5 million, the company added."This quarter we delivered record revenue and a 15% sequential increase in adjusted profit from operations," said Martin Craighead, the chairman and CEO."Our results reflect improved execution and the rapid deployment of innovative new products...